Fulton County homeowners will get a break from rising property values, county commissioners decided Wednesday.
The freeze is is a temporary solution, commissioners said, but offers relief to residents who were worried that their higher property values would translate into higher taxes. Nearly a quarter of the county’s more than 317,000 residential parcels received values that were up 50 percent or more.
“I do believe this is a legal, grounded solution,” Fulton County Commission Chairman John Eaves said before the vote. “It’s also a moral, grounded solution.”
Homeowners will receive new property assessments in the mail, but probably not until August. The more than 5,000 residents who appealed will have their appeals voided because of the new assessments.
The resolution gives Fulton County Chief Appraiser Dwight Robinson permission to phase in new, higher values over 2018 and 2019. Members of the legislature have also said they plan to consider changes to the assessment and taxing process that could ease the tax burden for residents in the future.